Press Release
Valued at $100 Million, Russian Charity Auction Platform CPAI Reaches 1 Million Users
CPAI is the first Russian innovator business to be valued at $100 million this this year. CPAI has surpassed ThredUp in transaction volume and is expected to be the next unicorn of online resale platform.
CPAI, after seed round on May 19, 2019, has its trading volume almost doubled each year. CPAI operates a one-stop second-hand trading market featuring online resale, charity auction and vertical recycling. Its award-winning business model adopts an innovative way of auction — one auction and one re-auction a day. Different from the traditional second-hand trading platform, the same commodity can be traded several times on CPAI platform, and the price of each transaction will be maintained in a fixed range until the buyer takes delivery of the goods.
What is the status of CPAI after this fund raise, according to its financial disclosure and strategy?
The Number of Users Exceeds 1 Million
For e-commerce platforms, number of users is a very important indicator. Since its launch in 2019, CPAI has seen steady growing in user base, with 710 thousand users worldwide in March 2020 and more than 1 million CPAI users by the end of 2020.
Trading volumes continued to grow, however, with heavy volumes in the domestic Russian market and light volumes in the European and US markets. According to data released by CPAI, its trading volume is shown below. Please note that the six-month period means a full fiscal year calculated backwards.
June 2019:3.1 billion rubles
June 2020:7.2 billion rubles
January 2021 to March 2021 (3 quarters in total) : 12.4 billion rubles
Based on this trend, it is expected that in June 2021, trading volume will exceed 2 billion rubles (about $240 million).
In 2020, after the outbreak of COVID-19, the online sales of some categories, especially groceries, increased significantly. Take, for example, Wildberries.Ru, one of the largest online platforms in Russia. Order number on Wildberries has almost doubled during the pandemic, which means every one in three Russian consumers has purchased from Wildberries. CPAI platform hosts at least 6,000 auctions a week; orders for second-hand items in circulation reach 1 million a year, combined with such growth rate, CPAI has a comfortable position in the market and shows promising growth.
Focus on “Talent” and “Marketing”
On the other hand, the number worth paying attention to is the operating loss of CPAI. Up to Q3 of this year, the operating loss was about 200 million rubles, of which the personnel cost was 360 million rubles (210% compared with cost in the same period last year) and the advertising cost was 1.28 billion rubles (154% compared with cost in the same period last year).
The Cambridge graduated Entrepreneur, Ivan Morozov, CEO of CPAI has stated that CPAI will not focus on short-term gains, but on medium – to long-term development, so big investments now are necessary for future growth. Even if the company went public, short-term profit improvements would not be on his mind.
This is in line with the fact that many big tech companies, like Twitter and Netflix, have been losing money for years in order to grow in the long run. So, to maximize long-term profit, investment in growth is the key.
Reflection: The Inspiration and Opportunity CPAI has brought
Recently CPAI has been recruiting engineers aggressively. This year, CPAI has started recruits outside Russia. It’s a great opportunity for whomever with relevant skills, as reportedly the annual salary offered by CPAI can reach 10 million rubles.
On the other hand, why can CPAI attract so much traffic in the short term? We are very familiar with offline auctions in Southeast Asia, but in the post epidemic era, everything is going digital, and the business innovation of CPAI is in line with this trend. 2020 has accelerated the growth of user base, and this momentum ushers in the second wave of growth in the post epidemic era.
We are familiar with traditional auctions, but CPAI is truely unique here. Many entrepreneurs have good ideas of business, but having idea, technology and capital at the same time is a rare combination. Now with the raised fund and user base, CPAI will only embrace a faster development now, providing customers a safe space for their usual activities.
CPAI is actually not the first Russian business to do second-hand goods trading. FRIL offers this service a year before. However, CPAI quickly gained an upper hand with aggressive channel marketing, creating an image of the go to place for charity auction, thus attracting large number of users.
Future challenges for CPAI
Some media regards Rakuten as a strong competitor of CPAI, as Rakuten merged its two flea market apps (Rakuma & Fril) into a single App called Rakuma. Rakuten has always used low prices (Rakuma charges only 3.5 percent), existing members (about 95 million) and points to connect other Rakuten services, using all strategies to gain market share.
However, Rakuten’s victory in the price war usually occurs when its rival’s IT capability is weaker. This allows Rakuten to reduce manpower and streamline workflow to drive down cost. But CPAI’s IT capability is as good as, if not better than, Rakuten’s.
On the other hand, giving points back to members as Rakuten does is just an alternated form of price competition. Price wars will not bring benefit for the market in the long run, but only to squeeze profit margin and kill innovation.
The biggest challenge for CPAI is still from overseas. Will the investment be rewarded? Can trade volume in the US, European, and Southeast Asian market grow substantially? That’s what CPAI is going to focus on next.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
A Omega Fencing Announces Enhanced Fence Repair Services to Keep South Jersey Homes Secure
Providing Expert Solutions for Long-lasting Protection and Aesthetics
“At A Omega Fencing, we’re committed to restoring the strength and beauty of your fence, ensuring your home remains secure and protected for years to come.”
–Spokesperson for A Omega Fence Company
South Jersey, NJ, 7th February 2025, ZEX PR WIRE, A Omega Fencing, a trusted name in fence installation and repair for over 35 years, is proud to announce the expansion of its fence repair services across South Jersey. With a dedication to providing top-tier craftsmanship and customer satisfaction, the company’s enhanced repair services aim to help homeowners and businesses maintain the integrity, security, and beauty of their properties. Whether it’s restoring an existing fence or providing emergency repairs, A Omega Fencing is committed to ensuring that fences stand the test of time.
Fences are an important investment in a home’s or business’s security, privacy, and curb appeal. Over time, exposure to the elements, wear and tear, and accidents can take a toll, leaving fences in need of professional repair. A Omega Fencing understands the importance of maintaining a strong and visually appealing fence, which is why the company has expanded its repair services to accommodate a wide range of needs.
From minor fixes like loose boards to more extensive repairs such as replacing damaged panels, A Omega Fencing offers comprehensive solutions that address all aspects of fence damage. Their expert team is skilled in repairing fences made from various materials, including wood, vinyl, aluminum, and wrought iron, ensuring that homeowners can keep their property secure without compromising aesthetics.
“Security and aesthetics are essential for any property, and a well-maintained fence plays a vital role in both,” said a spokesperson for A Omega Fencing. “Our enhanced fence repair services are designed to offer quick, effective, and durable solutions, making sure every fence remains as secure and attractive as the day it was installed.”
One of the most common reasons for fence repair is to restore security, and A Omega Fencing recognizes the critical role fences play in safeguarding property. Whether it’s repairing a damaged gate, reinforcing panels, or addressing structural issues, their team focuses on restoring the security features of the fence, ensuring it remains a reliable barrier against unwanted intruders.
Additionally, A Omega Fencing’s repair team provides essential reinforcement services for fences that have been affected by weather conditions, including storms, high winds, and heavy rainfall. These repairs not only restore security but also protect the integrity of the fence, prolonging its lifespan and preventing the need for costly replacements.
While security is a top priority, curb appeal is just as important. A broken or unsightly fence can detract from the overall aesthetic of a property. A Omega Fencing’s repair experts take great care to ensure that every repair enhances the overall look of the fence, leaving it looking as good as new. Whether it’s a vinyl, wood, or aluminum fence, their team ensures that the finished product blends seamlessly with the property’s design and style.
One of the standout qualities of A Omega Fencing is its unwavering commitment to customer satisfaction. The company recognizes that timely repairs are crucial, which is why it prioritizes quick response times and efficient service. Homeowners and businesses in South Jersey can rely on A Omega Fencing’s experienced professionals to complete repairs promptly, minimizing disruption to their daily lives.
About A Omega Fencing
A Omega Fencing has been a leading provider of fence installation and repair services in South Jersey for over three decades. Known for its exceptional craftsmanship, commitment to excellence, and dedication to customer satisfaction, the company offers a variety of fencing solutions, including wood, vinyl, aluminum, and wrought iron fences. Whether it’s a new installation or fence repair, A Omega Fencing is dedicated to providing durable, aesthetically pleasing solutions that stand the test of time.
Contact A Omega Fencing Today
For expert fence repair services that restore both the security and beauty of your property, look no further than A Omega Fencing. To schedule a consultation or learn more about their expanded repair services, visit their website or contact them directly.
Website: https://aomegafence.com
Phone: 856-728-3708
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
A Omega Fencing Expands Services to Offer Custom Wood and Vinyl Fence Installations in South Jersey
Tailored Fencing Solutions for Privacy, Security, and Aesthetic Appeal
“At A Omega Fencing, we believe every property deserves a fence that combines beauty, durability, and personalized service to enhance both security and style.”
– Spokesperson For A Omega Fence Company
South Jersey, NJ, 7th February 2025, ZEX PR WIRE, A Omega Fencing Company, renowned for its craftsmanship and customer-focused service, is proud to announce the expansion of its services to include custom wood and vinyl fence installations across South Jersey. With over 35 years of experience, A Omega Fencing continues to set the standard in the fencing industry, offering a wide range of high-quality fencing options designed to enhance the security, privacy, and curb appeal of any property.
With this service expansion, A Omega Fencing is now able to offer more choices to homeowners and businesses, ensuring that each client’s needs are met with precision and care. From traditional wood fences that provide natural beauty to modern vinyl fences offering durability and low maintenance, A Omega Fencing is committed to delivering high-quality, personalized fencing solutions tailored to individual preferences and requirements.
“We’re excited to expand our services and offer our customers even more options to elevate their properties,” said a spokesperson for A Omega Fencing. “Whether you’re looking for enhanced privacy, added security, or a beautiful fence that complements your property’s design, we’re here to deliver a solution that fits your needs perfectly.”
Wood Fences: Classic Charm and Timeless Elegance
For those who desire a natural, rustic feel, wood fences are an ideal choice. A Omega Fencing offers custom wood fence installations in a variety of styles, from privacy fences to ornamental designs, allowing clients to achieve the perfect look for their homes. With a focus on quality materials like cedar and redwood, these wood fences are designed to withstand the elements while providing lasting beauty.
Vinyl Fences: Durability and Low Maintenance
For homeowners seeking a more modern, maintenance-free option, vinyl fences offer a durable and attractive solution. A Omega Fencing provides a wide selection of vinyl privacy fences and semi-privacy options, offering clients a low-maintenance fence that requires minimal upkeep while providing excellent security and privacy. Available in a range of colors and styles, vinyl fences are built to last, making them a great investment for any property.
The A Omega Fencing Difference
What sets A Omega Fencing apart is its personalized approach to every project. The company takes pride in working closely with clients to understand their specific needs, ensuring that each fence installation is tailored to suit both the style and function of the property. The expert team at A Omega Fencing guarantees top-quality craftsmanship, using only the best materials for every project.
About A Omega Fencing Company
For over 35 years, A Omega Fencing Company has been a trusted name in South Jersey for premium fence installation and repair services. Specializing in custom wood, vinyl, and aluminum fences, the company has built a reputation for offering reliable, long-lasting solutions that elevate the beauty and security of homes and businesses alike. A Omega Fencing Company is known for its top-quality craftsmanship, attention to detail, and commitment to customer satisfaction. From residential yards to commercial properties, A Omega is the go-to choice for expert fence installations and repairs.
Contact Information
Phone: 856-728-3708
Website: https://aomegafence.com/
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Official Collaboration XRP Network Staking Rewards, X Network
An official staking network has been launched, offering XRP holders a new revenue model. XRP Network has established a system where XRP holders can earn monthly rewards of 2.8–3.2% in RLUSD simply by staking their assets. This platform is designed to help investors manage their holdings in a more stable manner while also providing additional income opportunities for long-term XRP holders. As a result, XRP Network is expected to play a crucial role in expanding the XRP ecosystem.
XRP Network ensures secure staking services for XRP holders through a transparent smart contract-based operation and a reliable reward structure. Investors can receive RLUSD rewards each month by staking XRP, creating a stable financial income stream without the need for additional transactions. The ability for XRP holders to continuously earn rewards through staking makes XRP Network particularly advantageous for long-term investment strategies.
The launch of XRP Network is projected to go beyond a simple staking platform, maximizing XRP utility and solidifying its position in the digital financial system. With a design that considers institutional investor participation, XRP Network is expected to contribute to liquidity management in the XRP market and positively impact XRP’s long-term price stability.
Industry experts analyze that XRP Network will have a significant impact on the overall XRP market while providing investors with a stable staking reward system. The ability to generate ongoing income without selling XRP offers a strong incentive for long-term holding, further strengthening the XRP ecosystem.
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About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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